digital currency

ECOS: A Blockchain Solution for Quality Control in the Food Industry

Submitted by Seth Goldfarb on Sun, 02/04/2018 - 21:48
02/04/2018
ECOS: A Blockchain Solution for Quality Control in the Food Industry

Counterfeit food products cost the industry an estimated $10-$15 billion a year, a prevalent issue in China and one that can cause serious illness to unwitting consumers. ECOS offers a solution with a platform enabling developers to create decentralized software for inspection and quality control in the food industry. The company will launch the ECOS token to give developers an incentive to create useful software and allow users to purchase services on the platform. Consumers will be able to use the software to verify the source and authenticity of food products and access valuable information about them.

Founded in February, 2017 by CEO Aleksei Zeleznyak, the ECOS team includes Chief Analytics Officer Nataly Zeleznyak and Chief Web Officer Egor Sporykhin with Cryptor, Trent Projekt, Advendor, Grand Holding, Inpointed, and Hansa Law as notable partners. Not much information about team members’ previous experience could be located but Cryptor Trust offers capital to blockchain startups, Avendor offers cost per action (CPA) advertising, Grand Holding is a corporation based in Armenia, and Hansa Law operates out of Lithuania, Latvia, and Estonia. Potential investors should be wary of the general lack of information regarding the team members and companies associated with ECOS.

The ECOS roadmap, on the other hand, appears optimistically conservative, dedicating much of 2018 to technical and market research and development as opposed to rushing out a beta release for the public. The ECOS’ ICO presale begins on February 14, 2018 with the main sale scheduled from May 15 to June 15, 2018. ECOS tokens will cost $0.10 during the presale and sale with bonuses for early purchases and a cap of $77 million. Ten percent of tokens will be available in the presale, fifty percent in the main sale, and the rest will go toward bonuses, a bounty campaign, and early supporters. Please visit http://www.ecos.ee/en/ to learn more about ECOS, participate in their bounty campaign, and register for their upcoming ICO.

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Five Projects For Merchants Excited About Cryptocurrency

Submitted by Seth Goldfarb on Wed, 01/31/2018 - 17:22
01/31/2018
Five Projects For Merchants Excited About Cryptocurrency

Incredible growth in the market for digital assets this past year has more and more retailers wondering how to cash in on the hype. Whether taking payments in digital currencies or promoting sales through tokenized marketplaces, retailers have an increasing variety of blockchain-powered options at their disposal. From loyalty or reward programs and tools discouraging fraud and theft to payment processing services and merchant networking, here are five projects offering unique, effective blockchain solutions for merchants:

  1. Rewards

Rewards aims to bring cryptocurrency to the masses with a tokenized loyalty program allowing users to gain Reward points (RWRD) that can be used to purchase items from their network of marketplaces. Rewards.com boasts over 250,000 users earning commissions and receiving discounts and won the startup competition at the CoinAgenda Global Investors Conference in 2017. The Rewards ICO aims to raise a minimum of $1.5 million to support the launch of The Rewards Global Marketplace in the first quarter of 2018. Cofounded by CEO Todd Rowan and Linda Butcher, the platform will provide users with discounted goods while increasing traffic for affiliated merchants.

https://rewardstoken.io/

  1. CryptoTrust.Network

CryptoTrust Network tackles the fraud and theft that deter many retailers and consumers from using digital currencies by providing security tools for merchants, exchanges, and card-issuers. The suite will include tools for wallet and identity verification, tracking stolen currency, and generating risk ratings for transactions. Cofounded by CEO Jim Dowling and CTO Will Finlayson, the CryptoTrust Network ICO is currently open and running through February 22, 2018. The CTN token will be used to pay for data and services on the platform, fund development of the tools, and reward node operators and data suppliers.

https://cryptotrust.network/

  1. Setcoin

Service Exchange Token (SET) or Setcoin is a digital asset issued by Inserviss for payments on the Inserviss Platform, an online marketplace connecting service providers with customers. The platform allows service providers to list, promote, and manage their services and offers consumers location-based searches, reviews, and payment processing. Cofounded by CEO Igor Perepelychnyy and CCO Elena Perepelychnyy, the Setcoin presale is currently underway on the WAVES decentralized exchange and the ICO begins on February 1, 2018.

http://www.inserviss.com/

  1. Asset Token

Asset Token is developing a digital asset providing credit card rewards that can be transferred between reward programs. The token will be hosted on the Ethereum blockchain and allow users to generate Asset Tokens that can be redeemed through participating rewards point programs using digital wallets with incorporated KYC/AML information. The team includes Digital Asset Manager Todd Nichols, Senior Strategic Analyst Paul J. Gerstenberger, and Technical Advisor Dennis Lyon with LDJ Capital Cofounder and CEO David Drake, Emergent Technology CTO Sally Eaves, and Simon Cocking as advisors to the project.

https://www.assettoken.io/

  1. Glance Pay

Glance Pay offers a mobile payment application allowing consumers to quickly pay for purchases with a mobile device while generating discounts via their loyalty rewards program. The app charges no extra fees and enables users to split, pay, and add tips to bills by scanning the bill and deducting funds from any major credit card. Users have access to digital receipts and new users currently have the opportunity to receive $5 off their first two purchases using the app. Merchants partnered with Glance Pay receive funds from customers directly in their bank account the following business day with transaction fees automatically deducted.

https://glancepay.com/

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Simply Vital Health: A Healthcare Data and Payments Platform

Submitted by Seth Goldfarb on Tue, 01/23/2018 - 11:11
01/23/2018
Simply Vital Health: A Healthcare Data and Payments Platform

The tangled web of data and payments involved in healthcare systems exists in a highly-regulated space consistently growing more complex and more expensive over time. Simply Vital Health aims to offer a blockchain-based solution with Health Nexus, an open-source protocol aimed at enabling frictionless data sharing to provide patients and providers with easier ways to exchange healthcare data. Health Nexus provides free, open-source tools for developers to develop applications for communications between patients and providers and cost forecasting.

Health Cash (HLTH) will be an ERC20-compliant token required for transactions on the network. One of the initial applications on the Health Nexus platform will be Simply Vital's ConnectingCare, a platform for providers in Value-Based Care. Only HIPAA-compliant servers will be allowed on the Simply Vital Health ecosystem to ensure security. The Health Cash ICO registration is currently open and the sale will begin in February, 2018. Token allocation will include 60% for the sale and 40% reserved for the team and platform development.

The team includes Co-founder and CEO Kat Kuzmeskas, Co-founder and CTO Lucas Hendren, Director of Growth and Operations Jake Dreier, Senior Advanced Blockchain Engineer David Akers, and Business Development Strategists David Korn and Kenny Winn, and Lori Dollard. Advisers include President and Founder of Toro Risk Consulting Group Brian Kern, UMass Amherst Cybersecurity Institute Founding Director Brian Levine, Med-Metrix COO and Co-founder Rob Wright, and President of US Acute Care Solutions Tim Corvino with Kat Kuzmeskas, Lucas Hendren, Rob Wright, and Tim Corvino serving as the Board of Directors.

To learn more about Simply Vital Health and the Health Cash token sale please visit their website at https://www.simplyvitalhealth.com/.

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CryptoProperties (CPROP) ICO: A Workflow Management Platform for Real Estate Investments

Submitted by Seth Goldfarb on Wed, 01/17/2018 - 15:41
01/17/2018
CryptoProperties (CPROP) ICO: A Workflow Management Platform for Real Estate Investments

CryptoProperties (CPROP) offers a workflow management platform to help users close real estate deals. In addition to creating more efficient transactions, the software also allows users to pay for deals with cryptocurrency. The project aims to increase standardization, automation, and validation of the data necessary to complete real estate transactions. CPROP tokens will enable real estate agents and service providers to acquire tokens in exchange for a membership fee, allowing them to list their services on CPROP. When buyers complete a transaction they can earn CPROP tokens by providing a review of their agent or service provider and have the option of receiving extra CPROP tokens for allowing CPROP to manage their property.

Founded by Sanus Connect Co-founder Luke Sestito,1 DotLoop Co-founder Adam Koehler,2 and Co-founder of Sanus Connect and the Asia West Environment Fund Sanford Selman,3 CPROP appears to have a strong team of real estate professionals behind it. Advisors include the Peercoin project, head of DotLoop marketing strategy Alex Allison, and Co-founder/CEO of The Crypto Realty Group Piper Moretti. Peercoin has been working on blockchain-agnostic protocols facilitating peer-to-peer transactions that could be of significant help to CPROP in facilitating more efficient real estate transactions.

An ICO date has not been announced at time of writing but includes a presale cap of $10 million and a total cap of $35 million, reflecting a more realistic sense of valuation than some other ICO's. Token allocation will include 80% for members, 15% to the team and founders, and 5% for translations, bounties, and consultants. To learn more about CPROP, please visit their website at https://cprop.io/.

1https://www.linkedin.com/in/luke-sestito-33867711/

2https://www.linkedin.com/in/adamkoehler/

3https://www.linkedin.com/in/sandyselman/

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Cappasity: An AR/VR Content Ecosystem

Submitted by Seth Goldfarb on Mon, 01/08/2018 - 15:33
01/08/2018
Cappasity: An AR/VR Content Ecosystem

Cappasity is introducing a platform for the Augmented Reality/Virtual Reality (AR/VR) industry allowing users to create, sell, and rent 3D content. The project aims to enable trustless, decentralized rights management and copyright exchange. Its native token, the CAPP, works as the primary method for payment settlement in the Cappasity ecosystem and can be found on Cryptopia.

Founded in 2013 by CEO Kosta Popov,1 CTO Alex Chegaev, and CBDO Marianna Alshina,2 the platform launched in 2017 and began accepting CAPP tokens for services in December. Cappasity released free digitizing 3D digitizing software in 2016 and plans to offer 3D avatar scanners in Q3 and 3D capturing of real estate in Q4 of 2018, free of charge.

The platform has raised $1.85 million from angel investors and currently boasts over 17,000 users. Phase one of their ICO closed with 295 million CAPP tokens sold and phase two begins on March 22, 2018 and will end in twenty-eight days unless the hard cap of $50 million is reached. Minimum contribution is $35 and bonuses will be given for early and/or sizeable contributions.

To learn more about Cappasity, please visit their website at https://artoken.io/.

Sources

1https://www.linkedin.com/in/popovks/

2https://www.linkedin.com/in/malshina/

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Nerdy Money: Bitcoin, the Private Digital Currency, and the Case Against Its Regulation

Abstract
This Comment explores the lawfulness of using bitcoin, a privately-issued currency transacted on a peer-to-peer network, and the ability of the federal government to bar transactions between two willing parties. While there are no cases yet challenging the ability of parties in the United States to make transactions using bitcoins, there are policymakers who have denounced the use of bitcoin. This has led to the question of whether the federal government has the ability under current federal law to prohibit the use of bitcoins between willing parties. This Comment will show that the federal government has no basis to stop bitcoin users who engage in traditional consumer purchases and transfers. This Comment further argues that the federal government should refrain from passing any laws or regulations limiting the use of bitcoins. Should any claim arise, this Comment argues that there is a perfectly acceptable model with which to analogize bitcoin use: community currencies.

Bitcoin and Money Laundering: Mining for an Effective Solution

Abstract
Bitcoin is a disruptive, emerging virtual currency that poses unique challenges for authorities tasked with regulating money laundering. This Note examines the application of federal and state anti-money laundering regulations to Bitcoin and analogous virtual currencies, looking specifically for the most efficient and effective option.

Economic Aspects of Bitcoin and Other Decentralized Public-Ledger Currency Platforms

Abstract
A number of internet-based digital currency platform based on decentralized public ledgers have started since the introduction of the blockchain concept by the founder of Bitcoin in 2008. An important element of these public ledger platforms is an incentive system that elicits efforts from a distributed global workforce to verify and record transactions on the public ledger and a governance system for the platform. The economic efficiency and possibly viability of a public ledger platform ultimately depend on the design of these incentive and governance systems. Even if a decentralized public ledger were a more efficient technology for conducting financial transactions, and for providing a platform for distributed innovation, deficiencies in its incentive and governance systems could make it overall inferior to alternatives, including existing systems. Current claims that public ledger platforms can conduct financial transactions more efficiently ignore the inefficiencies associated with the incentive and governance systems and the likely costs associated with regulation of these platforms and complementary service providers such as vaults, wallets, and exchanges. It is possible that public ledger platforms are more efficient than other alternative platforms for conducing financial transactions, but as of now the proposition is based on apples-to-oranges comparisons compounded with speculation. Competition will lead to better incentive and governance systems for public ledger platforms.

Bitcoin - Asset or Currency? Revealing Users' Hidden Intentions

Abstract
Digital currencies are a globally spreading phenomenon that is frequently and also prominently addressed by media, venture capitalists, financial and governmental institutions alike. As exchange prices for Bitcoin have reached multiple peaks within 2013, we pose a prevailing and yet academically unaddressed question: What are users' intentions when changing their domestic into a digital currency? In particular, this paper aims at giving empirical insights on whether users’ interest regarding digital currencies is driven by its appeal as an asset or as a currency. Based on our evaluation, we find strong indications that especially uninformed users approaching digital currencies are not primarily interested in an alternative transaction system but seek to participate in an alternative investment vehicle.

How to Price a Digital Currency? Empirical Insights on the Influence of Media Coverage on the Bitcoin Bubble

Abstract
Digital currencies are gaining more and more attention against the backdrop of recent events triggered by the ongoing economic crisis. While digital currencies face increasing popularity, the currencies' prices are free floating and subject to high volatility as a result of lacking fundamental valuation methods. On the basis of an overview over the most prominent currency -- Bitcoin -- and an economic literature review we propose an econometric model that incorporates the basic components of the current price discovery process of a digital currency's exchange rate. On the basis of our empirical validation we further show that, in the case of Bitcoin, price volatility is significantly influenced by the media coverage and positive sentiment.